Member Info for chilting

Well they are sorting it out now - a bit drastic - just keep everything crossed !!!!

Analysts are talking about WTI at around the $77-78 mark - at that rate we could even see $85 Brent assuming it gets a move on !!!

Hello MO

The transfer from AK was very quick - maybe the calm weather enables faster pumping or HK is more efficient ???

Anyway 540-550k goes some way to mitigating the longer gap between tankers.

Auson

There must be a point where the shorts calculate that they are fighting a loosing battle and with Enquest's fortunes improving and Brent likely to top $80 I think that time is rapidly approaching.

So I will monitor these off book and large trades with interest.

Is now at its highest level since November 2014.

I guess from the Banks point of view a lower TorP's level increases the risk, so if the decide to go ahead with the lending they may increase the interest rate.

However, if Government guarantees are forthcoming this risk may be mitigated so in the end it might not make a scrap of difference what level the TorP's get to - what SXX have now may be enough ???

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB00B635TG28GBGBXSSMM&formName=frmRow&upToRow=-1

I just noticed the off book trades - there have been a lot throughout the day - but from 16.26 until 17.08 the cumulative total reached over 2 million pounds.

Maybe some shorts closing ???

Net 8720 draw - WOW !!!!!

Data is still unreliable -

Current bid 35.8 buy 35.95

On hold till EIA - then the fun could begin ???

15.30 BST today.

Repairer spike today - 10%+++

Life must be sweet in Riyadh at the moment - its all coming together beautifully !!!

So much has changed since the potential sale of 20% was announced - and for the better.

I rather think there will be a footnote in the September update saying no further action.

121
Yes, that's a very good point - the owners of Armada Olombendo used the same statagy, they achieved first oil around 3 months earlier than ENQ but only fully commisioned in May. That project is also much simpler than Kraken.

I think we have enough data now to give us an average in the mid 30's - this is actually the same as ENQ reported in the February update for January's production.

I conclude from this that there is still work to be done to get AK up to speed and maybe final commissioning isn't as close as I thought a few weeks ago.

Also ENQ did say that there might be extended periods between tanker loads maybe that was there way of telling us not to expect to much in the short term.

I will say again this is a very complex 25 year plus project and everything has to be managed to account for that.

The Swansea project is irrelevant to SXX.

Quite apart from the fact that Swansea were after direct investment and SXX just need guarantees.

The simple fact is that politicians are far to erratic and illogical when it comes to make any decision to give any indication of future decisions to be made.

Personally I think the current share price has more to do with the knee jerk reaction by the market to the February trading update.

We just have to be patient for the cash situation to be sorted and we will be away again.

The trouble is that there is no time frame for that so it would be useful if management gave us some guidance ASAP.

I do though think the current SP is irrelevant because of the very thin volumes being traded - patience is the key while we remain in limbo !!!

Brent and WTI are following one another quite closely again this morning - hopefully we are seeing some stability returning.